- Fluor’s adjusted earnings per share (EPS) were 43 cents, significantly lower than the previous year’s 85 cents, and below the estimated 56 cents.
- The company’s revenue for the second quarter was $3.98 billion, reflecting a decrease of 5.9% compared to the previous year, and missing the estimated $4.61 billion.
- Energy Solutions sector revenue was $1.14 billion, down 28% year-over-year, and below the expected $1.53 billion.
- Urban Solutions sector saw a revenue increase of 13% year-over-year, totaling $2.07 billion, though it didn’t meet the projected $2.42 billion.
- Mission Solutions revenue increased by 8.2% from the previous year, reaching $762 million, surpassing the estimated $711.8 million.
- The backlog for the company stood at $28.21 billion, a decline of 13% from the previous year, and slightly under the forecasted $28.34 billion.
- New awards totaled $1.77 billion, marking a significant drop of 43% year-over-year.
- Company comments attributed quarterly results to impacts from three long-standing infrastructure projects and shifts in client capital spending plans.
- Analyst recommendations currently include 6 buy ratings and 5 hold ratings, with no sell ratings.
Fluor Corp on Smartkarma
Analyst coverage on Fluor Corp provided by Baptista Research on Smartkarma highlights the company’s strong performance and promising future outlook. In the report titled “Fluor Corporation Dominates with $20B Urban Backlog & Solid Project Pipeline; What Lies Ahead?”, the analysts point out the company’s $4 billion revenue in the first quarter, supported by new awards of $5.8 billion. With a healthy book-to-burn ratio of 1.5, Fluor Corp is expected to maintain steady revenue streams, showcasing both strengths and areas for improvement.
In another report by Baptista Research titled “Fluor Corporation: Why Energy Transition & Infrastructure Spending Are Supercharging Growth!”, the analysts emphasize Fluor’s positive financial results and strategic restructuring efforts. With a revenue increase of 5.4% to $16.3 billion in the previous year, Fluor Corp demonstrates its ability to adapt to market dynamics while achieving a net income of $2.1 billion. This reflects the company’s resilience and its solid positioning to capitalize on energy transition and infrastructure spending for future growth.
A look at Fluor Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Fluor Corporation, a professional services company known for its global engineering and construction services, has received varying Smartkarma Smart Scores in different aspects of its operations. With a particularly high score in Growth and Momentum, indicating strong potential for expansion and positive market performance, Fluor Corp seems poised for long-term success. This suggests that the company is likely to experience robust growth and maintain a strong position in the market in the foreseeable future. Despite a lower score in Dividend, the company’s overall outlook remains optimistic.
Known for providing a wide range of services including engineering, procurement, construction, maintenance, and project management globally, Fluor Corporation demonstrates resilience in its operations, as reflected in its Smartkarma Smart Score for Resilience. This, coupled with its moderate Value score, showcases the company’s ability to endure challenges and adapt to changing market conditions. With a mix of favorable scores across different areas, Fluor Corp is positioned to leverage its strengths and capitalize on growth opportunities in the long run.
Summary: Fluor Corporation is a professional services company offering engineering, construction, and project management services on a global scale, with a diverse portfolio that includes maintenance outsourcing, asset operations, equipment sales, and business support services.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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